04/10/2017 Argaam
AI Summary
The Saudi Tadawul All Share Index (TASI) rose 0.6 percent higher to 7,286 on Wednesday as bank stocks surged on expectations of positive third quarter earnings.
Total trading turnover jumped to SAR 3.2 billion while the with the advances-declines ratio at 111/65.
The banking sector sub-index advanced over 1 percent. Al Rajhi Bank, expected to see a growth in Q3 net profit, rose 1.3 percent to SAR 66.80. Arab National Bank jumped 3 percent to SAR 24.54 and National Commercial Bank added 1.6 percent.
Petrochemicals also gained. SABIC was slightly higher at SAR 101.80.
Aldrees Petroleum was top riser, extending gains from Tuesday. The stock closed over 5 percent higher at SAR 31.
MedGulf was the day’s biggest decliner, down 5.4 percent to SAR 31 after the insurer said it received a warning from the regulator to meet a number of solvency requirements by year-end or else risk being suspended from issuing new policies.
To contact the writer, email Brinda Darasha at brinda.d@argaamplus.com
| Company | 52 Weeks Range | Price | Change | Price Earnings |
|---|---|---|---|---|
| ALDREES | 15.47 | 5.53 % | 22.83 | |
| OASIS | 37.37 | 3.57 % | 17.48 | |
| ALRAJHI TAKAFUL | 23.36 | 3.16 % | 15.00 | |
| ANB | 12.26 | 3.02 % | 8.29 | |
| SASCO | 15.90 | 2.77 % | 41.81 | |
| MEPCO | 13.20 | 2.62 % | 36.69 | |
| JOUF CEMENT | 9.73 | 2.50 % | 24.96 | |
| SEERA | 24.75 | 2.40 % | 11.99 | |
| HERFY FOODS | 50.03 | 2.37 % | 15.62 | |
| BUDGET SAUDI | 25.04 | 2.37 % | 12.22 |
| Company | Average Volume (3M) | Volume | Percentage Change |
|---|---|---|---|
| MALATH INSURANCE | 827,893.00 | 4,520,064.00 | 445.97 % |
| ALDREES | 481,304.00 | 2,545,954.00 | 428.97 % |
| NORTHERN CEMENT | 124,126.00 | 541,549.00 | 336.29 % |
| SARCO | 311,306.00 | 1,205,073.00 | 287.10 % |
| BCI | 143,065.00 | 529,047.00 | 269.79 % |
| ZOUJAJ | 265,732.00 | 875,518.00 | 229.47 % |
| CITY CEMENT | 216,669.00 | 665,206.00 | 207.01 % |
| GASCO | 78,653.00 | 239,874.00 | 204.98 % |
| HERFY FOODS | 85,681.00 | 255,144.00 | 197.78 % |
| ADVANCED | 263,024.00 | 744,368.00 | 183.00 % |
| More | |||
| Company | Price | Change 52 Weeks |
|---|---|---|
| ALRAJHI TAKAFUL | 23.36 | 195.65 % |
| JAZADCO | 18.60 | 132.50 % |
| ZOUJAJ | 22.22 | 46.18 % |
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| Company | Event |
|---|---|
| E.I.A | Reports |
| JADWA REIT SAUDI | Ex-dividend Date |
| A.OTHAIM MARKET | Ex-dividend Date |
| BUILD STATION | Surplus refund date |
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